UNSPECIFIED (2000) The effects of the earned income credit on the seasonality of household expenditures. In: Joint Center for Proverty Research Conferene on the Earned Income Tax Credit: Early Evidence, OCT 07-08, 1999, EVANSTON, ILLINOIS.

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Abstract

Using data from the Consumer Expenditure Survey, we investigate whether the Earned Income Credit (EIC) leads to changes in seasonal expenditure patterns of low-income workers. We find that EIC eligible households spend approximately 3 percent move total during February, the modal month of EIC refunds, and 9 percent more on durable goods than non-eligible households. The increased spending on durable goods indicates that the EIC facilitates the purchasing of big-ticket items by low-income-families. These estimates, when converted to dollars, also suggest that EIC recipients smooth expenditure somewhat since the average increase in expenditure is less than the average EIC refund.

Item Type:	Conference Item (UNSPECIFIED)
Subjects:	H Social Sciences > HG Finance H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	NATIONAL TAX JOURNAL
Publisher:	NATL TAX ASSN
ISSN:	0028-0283
Date:	December 2000
Volume:	53
Number:	4 Part 2
Number of Pages:	33
Page Range:	pp. 1211-1243
Publication Status:	Published
Title of Event:	Joint Center for Proverty Research Conferene on the Earned Income Tax Credit: Early Evidence
Location of Event:	EVANSTON, ILLINOIS
Date(s) of Event:	OCT 07-08, 1999
URI:	http://wrap.warwick.ac.uk/id/eprint/12500

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